Located in Queensland within the Rockhampton local government area, Mount Morgan is a smaller suburb (postcode 4714). With a population of 2,018, the suburb has an older-leaning population with a median age of 52. Households earn a median income of $41K per year, with an average household size of 2 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.7% year-on-year at the LGA level. QLD employment has moved +0.9% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. QLD also had 32 Commonwealth-backed major projects under construction, 12 underway, and 50 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are labourers, community & personal service, machinery operators & drivers. Employment in the area leans toward healthcare and retail trade. The top ancestries reported are English, Australian, Aboriginal Australian.
Median house prices in Mount Morgan stand at $215,000, having climbed sharply by 16.8% over the last twelve months. The median weekly rent is $200 (Census 2021). This gives a gross rental yield of approximately 4.8%. The median monthly mortgage repayment is $758.
Mount Morgan is served by 2 schools, including 1 primary, 1 secondary. The average ICSEA score is 846, which is well below the national average of 1,000. Healthcare facilities include 1 public hospital. The crime rate in the Rockhampton LGA is higher than average at 11,636 incidents per 100,000 population.
On the investment side, Gross rental yield sits at around 4.8% (moderate yield). Property prices sit below the state median ($215K/$1.1M), which can point to relative value. The price-to-income ratio of 5.3x is considered affordable. House prices have moved +16.8% year-on-year. Population growth of +0.7% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.